Economy & Market

US cement stocks gain as Trump okays Mexico wall

Published

9 years ago

January 26, 2017

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US stocks have hit record highs, with miners and suppliers among the top gainers, as US President Donald Trump signalled that construction of the Mexican partition wall, a key election promise, would start within months.
Gainers included Martin Marietta Materials, which hit a record high and ended up 3.2 per cent, and Vulcan Materials, which surged 2.2 per cent, another record high.
Construction materials companies also gained, with Eagle Materials up 4 per cent, US Concrete 4.4 per cent and Summit Materials was up 3.5 per cent.
US listed shares of CEMEX rose 3.7 per cent to reach another high. Analysts believe that CEMEX would be one of the companies best-positioned to profit from a wall that could cost $15 billion by current estimates. CEMEX has operations along both sides of the US-Mexico border.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.